Mastering Money 2/19/19
Is it time for a complete makeover of the 401(k) model in America? Best selling author and Wall Street Journal columnist Jason Zweig wants to completely re-vamp and replaces the current 401k retirement plan model after interviewing the inventor of the 401k, Ted Benna. In a recent major article in the Wall Street Journal, Zweig posed the question: “If we could reinvent retirement-saving plans from scratch, how would they differ from the rigid 401(k)s that workers have today? In Zweig’s mind, the 401k would change in (quote) “all sorts of ways,” and it would include “the stable income for life of old-fashioned defined-benefit pension plans with favorable tax treatment. We’ll review the Wall Street Journal report, then Steve will explain in detail–how to achieve the same or better results with your IRA Rollover! You don’t want to miss today’s show. MASTERING MONEY is on the air!!